1175 S 300 E, Salt Lake City, UT 84111
1175 S 300 E, Salt Lake City, UT 84111
1175 S 300 E, Salt Lake City, UT 84111
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The Perry Group

The Perry Group

+1(801) 871-5259
$850,000
Est. payment /mo
4 Beds
5 Baths
2,900 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $293

MLS Listing ID 2146633

Style Five-Plex

Bedrooms 4

Construction Status Blt./Standing

HOA Y/N No

Year Built 1902

Annual Tax Amount $4,165

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to the home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyer's agent to verify all information, including square footage. Estimated market rents (conservative Liberty Wells / Sugarhouse range): 1-bed units: ~$1,100$1,250 Studio: ~$900$1,000 Projected Stabilized Monthly Income (mid-range): (4 $1,175) + $950 = $5,650/month Projected Annual Income: $67,800 Projected NOI: $67,800 $11,448 = $56,352 Stabilized Cap Rate (at $850,000): 6.63%

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning Multi-Family

Interior

Interior Features Disposal, Range/Oven: Free Stdng.

Heating Electric, Gas: Central, Gas: Stove

Flooring Carpet, Linoleum, Tile

Fireplace false

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Entry (Foyer), Lighting, Porch: Open

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Part, Terrain, Flat

Porch Porch: Open

Total Parking Spaces 5

Private Pool false

Building

Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Part

Faces West

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Five-Plex

Structure Type Brick,Cedar,Stone,Stucco

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Liberty

Middle Schools Clayton

High Schools Highland

School District Salt Lake

Others

Senior Community No

Tax ID 16-07-382-006

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Horse Property No

Listing Terms Cash, Commercial Fin. Req., Conventional

Read Less Info
Listed by Windermere Real Estate (Draper)

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+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT, 84106, United States
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1175 S 300 E